Strategy Partners company presents Yenisey Siberia investment strategy

The investment strategy of Yenisey Siberia has been presented at a video conference. The joint survey initiative of the heads of three regions was supported by CEO and Chairman of the Executive Board of Sberbank of Russia Herman Gref. The survey was carried by the top consulting company of Russia Strategy Partners, a member of Sberbank structure. The presentation was participated by Deputy Chairman of the Krasnoyarsk Region Government Sergey Vereschyagin, Minister of Economic Development of the Republic of Khakassia Nikolay Evdokimov, First Deputy Chairman of the Government of the Republic of Tyva Alexander Brokert, representatives of Sberbank and Yenisey Siberia Development Corporation.

The event was moderated by Deputy Head of the Krasnoyarsk branch of Sberbank Natalia Korneva, who thanked everyone for their active involvement into the project. “I am grateful to all of you for the efficient cooperation in the development of the investment strategy of the Yenisey Siberia regions. Ready to contribute to the attraction of investors, Sberbank is interested in the development of the territories of its presence. The development of the regional strategy and scaling the work methodology to the priority industries by uniting the infrastructural projects are the key elements of our joint efforts,” remarked Natalia Korneva.

The Strategy Partners specialists carried out a comprehensive analysis of the social and economic development of the Yenisey Siberia regions. The strategy includes the assessment of the investment activity, the priority trends of investment development, and a list of promising domains for the implementation of new projects. The presentation was preceded by a thorough discussion of the strategy with the experts representing the three regions. One of the main tasks of the survey was to define the effectiveness criteria for the future investment expected to make a significant impact on the social and economic performance of the regions.

The result of the comprehensive analysis carried out by Strategy Partners was a list of the priority industries to be invested to achieve the best economic perspectives and to make the significant impact on the improvement of the living standards. As a result, the strategic vision of the regional development was formulated: a gradual transition from the mineral mining and energy competence to the diversification of the economy, well-balanced industrial production, development of the competence centres in the basic industries.

For the year 2035, it was resolved to focus on the following priority sectors: advanced processing of metallic and non-metallic ores, new materials, advanced machine engineering, petrochemistry, wood chemistry, coal chemistry, advanced information and communication technologies; eco and sports tourism, environmentally friendly cities. The development of the priority sectors is supposed to be facilitated by the listed key activities, such agglomeration development, establishment of the competence centre for new materials, tourism infrastructure and the main transportation infrastructure development.

As a result of the matrix analysis, six priority domains were identified: oil and gas industry, agro-industrial and forest industry complex, coal industry, non-metallic mineral ore production (inert aggregates), non-ferrous metal mining and processing. For each of the priority industries, the technological product maps were made based on the industrial conversion chain principle. Additionally, the innovative technology potential was studied for different stages of the industrial conversion chain.

The analysis revealed over 300 elements of the industrial conversion chains, either absent or not yet produced in the Yenisey Siberia regions. Among them, 24 most promising industrial niches were selected, and 12 investment ideas for Krasnoyarsk Region, the Republic of Khakassia and the Republic of Tyva were developed.

Director General of Yenisey Siberia Development Corporation Sergei Ladyzhenko believes that due to their high practical value, the survey results will be used to attract new investors to the Yenisey Siberia regions. “The most promising investment ideas should gain organization support to make up detailed business plans for further work with investors. Another important task is to adjust the investment attraction and investment project support system in the regions,” said Sergei Ladyzhenko. 

The discussion participants agreed to continue their cooperation in the finishing of the Yenisey Siberia investment strategy. The main domains of cooperation will be the promotion of the priority investment ideas, including organization of the roads how, development of the new investment niches and ideas with an emphasis on the interregional initiatives. Sberbank is also planning to develop an investment tools training program for the representatives of the related ministries. The methodology and results of the survey will be submitted to the Ministry of Economic Development of the Russian Federation and will be used in the formulation of the social and economic development strategy of the Angara-Yenisey Macroregion.